Kaisa : Priced a US$300 Million Additional Senior Notes Due July 2023 The Transaction was Well Sought After by International Funds

(20 January 2021 - Hong Kong) - Kaisa Group Holdings Limited ('Kaisa' or the 'Company', SEHK stock code: 1638, which together with its subsidiaries, is referred to as the 'Group'), a property developer established in Shenzhen with a countrywide foothold in China, is pleased to announce it has priced its US$300 million additional senior notes due in July 2023 to yield 9.85%.

The offering has received overwhelming responses from nearly 120 institutional investors with over US$2.2 billion of final book orders. European investors accounted for a record high of 40% of the subscription orders, while Asian Investors accounted for 60% of the subscription orders, reflecting the transactions was well sought after by international funds. Around 90% of the notes were allocated to fund managers, with the rest of 10% to private banks.

Kaisa said, 'As the first issuance in 2021, the 2.5-year paper received overwhelming response from the market with book order over US$1 billion within 1 hour after the transaction was announced. With the support and trust from the investment community, we will continue to work on profitability improvement, deleveraging and urban renewal project conversion with a development focus in the Greater Bay Area in 2021.

The Additional Notes will form a single series with the US$450 million 10.875% senior notes due 2023.

The Company intends to use the net proceeds of the additional notes issue to refinance its existing indebtedness which will become due within one year.

Credit Suisse, Deutsche Bank, Haitong International and China CITIC Bank International

are the joint global coordinators, joint bookrunners and joint lead managers, and Barclays,

BOC International, Fulbright Securities Limited, Guotai Junan International, HSBC, UBS

and CMBC Capital are the joint bookrunners and joint lead managers in respect of the offer

and sale of the Additional Notes.

Kaisa achieved RMB107 billion of contracted sales in 2020, which represent a year-on-year growth of 21%. 58% of its contracted sales are from the Greater Bay Area, and over 30% of its sales are generated from urban renewal projects.